H1 Key figures

  Finnvera Group Finnvera Plc
Key P&L figures: 2017 2016 2016 2017
Net interest income, MEUR 46 50 40 42
Net fee and commission income, MEUR 127 144 126 143
Administrative expenses, MEUR 43 44 42 42
-Of which salaries including social security costs, MEUR 29 30 28 29
Impairment loss on financial assets 41 94 41 93
Credit loss compensation from the State, MEUR 23 28 23 28
Operating profit or loss, MEUR 109 69 98 65
Profit for the year, MEUR 107 70 98 65
Key Balance sheet figures:        
Loans to and receivables from customers, MEUR 5,846 6,078 4,151 3,819
Investments, MEUR 3,084 2,082 3,143 2,126
Liabilities, MEUR 9,023 8,290 7,316 6,010
-Of which debt securities in issue, MEUR 6,483 4,892 6,483 4,892
Shareholders’ equity, MEUR 1,314 1,207 1,268 1,168
 -Of which non-restricted reserves, MEUR 1,062 955 1,016 917
Balance sheet total, MEUR 10,337 9,498 8,584 7,178
Key ratios:        
Return on equity, ROE, % 8.5 6.0 8.1 5.7
Return on assets, ROA, % 1.1 0.8 1.2 1.0
Equity ratio, % 12.7 12.7 14.8 16.3
Capital adequacy ratio, Tier 1, % 25.3 22.4 24.3 21.8
Expense-income ratio, % 27.2 27.0 32.4 33.6
Average number of employees 1 383 398 379 389
SMEs and midcaps; financing, exposures and effectiveness        
Loans, guarantees and export credit guarantees offered, Billion EUR     1.0 1.0
Outstanding commitments, Billion EUR     2.5 2.6
Number of start-up enterprises financed     3,100 3,400
Number of new jobs created     9,100 8,700
Large Corporates; financing and exposures        
Export credit guarantees and special guarantees offered, Billion EUR     7.5 4.2
Outstanding commitments, Billion EUR     22.2 18.1
Clients        
Number of clients, SMEs and midcaps and Large Corporates together     27,300 27,700
         
1 Based on monthly average for the whole period.

H2 Formulas for the key indicators

Return on equity % (ROE) profit/loss for the year x 100
  equity (as the average of the value at the beginning and the end of the period)
             
Return on assets %, ROA operating profit/loss – income taxes x 100
  balance sheet total on average (as the average of the value at the beginning and the end of the period)
             
Equity ratio, % equity + minority share + accumulated appropriations deducted by the deferred tax liability x100
  balance sheet total
           
Capital adequacy ratio, Tier1, domestic operations, % calculated according to Basel III standard method  
     
             
Expense-income ratio, % administrative expenses + depreciation, amortisation and impairment from tangible and intangible assets + other operating expenses x 100
  net interest income + net fee and commission income + gains/losses from financial instruments carried at fair value + net income from investments + other operating income